Analyst Alerts Archives - Page 32 of 37

TuesdayMar 21, 2017 12:53 pm

NetworkNewsBreaks – Caladrius Biosciences, Inc. (NASDAQ: CLBS) Receives “Buy” Rating, $15 PT at Aegis Capital

Aegis Capital has issued a ‘Buy’ rating and price target of $15 on shares of Caladrius Biosciences’ (NASDAQ: CLBS) stock. The company recently reported financial results for the three and 12 months ended December 31, 2016. The company full year revenues of $35.3 million, an increase of 57% compared with $22.5 million for 2015. Caladrius also reported cash at year-end of $14.7 million. Additionally, the company recently announced the sale of the remaining 80.1% interest in its PCT LLC subsidiary to Hitachi Chemical for $75 million in cash with an additional $5 million payable upon reaching an undisclosed revenue milestone…

TuesdayMar 21, 2017 12:40 pm

NetworkNewsBreaks – Aegis Capital Reiterates “Buy” Rating, $3 PT on Achaogen, Inc. (NASDAQ: AKAO)

Aegis Capital has reiterated a ‘Buy’ rating and price target of $29 on shares of Achaogen’s (NASDAQ: AKAO) stock. The biopharmaceutical company recently reported financial results for the fourth quarter and year ended December 31, 2016, posting total Q4 contract revenue of $10.7 million, which was less than expected. Analysts cited the company’s uneventful fourth quarter in the report, but mentioned that milestones and catalysts are more important in evaluating clinical-stage development companies. Achaogen also recently released an update on its lead product candidate, Plazomicin, which has shown positive results in two phase 3 clinical trials. The company plans to…

ThursdayMar 09, 2017 11:10 am

NetworkNewsBreaks – Aegis Capital Raises Price Target on Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX)

Aegis Capital Corp. has raised its price target on Progenics Pharmaceuticals (NASDAQ: PGNX) to $14 from $11 with expectations of an accelerated adoption ramp for the company’s Azedra. On February 14, 2017, the company announced the commencement of enrollment in an investigator initiated phase 1 clinical trial with 131-I-MIP-1095 (1095) at MSK. Progenics recently conducted a phase 2b trial of Azedra, which has demonstrated tumor reduction despite the trials primary endpoint being reduction in anti-hypertensive medication. The company previously reported that 31.7% of patients reached the primary end point. “There is currently no alternative treatment for pheo-para, thus we believe…

WednesdayMar 08, 2017 10:36 am

NetworkNewsBreaks – Heron Therapeutics, Inc. (NASDAQ: HRTX) Reiterated with ‘Buy’ Rating at Aegis Capital, PT Adjusted to $33

Aegis Capital has issued a 'Buy' rating and price target of $33 on shares of Heron Therapeutics, Inc.’s (NASDAQ: HRTX) stock. The biotech company most recently announced the inclusion of SUSTOL® as part of the National Comprehensive Cancer Network (NCCN) Clinical Practice Guidelines in Oncology for Antiemesis Version 1.2017. FDA-approved SUSTOL was given the highest recommendation of evidence and consensus for use preventing acute and delayed chemotherapy-induced nausea and vomiting in patients receiving HEC or MEC regimens. “The NCCN is an alliance of 27 leading cancer centers in the US, and this recommendation reaffirms our belief that Sustol extended-released will…

TuesdayMar 07, 2017 3:43 pm

NetworkNewsBreaks – Intellipharmaceutics International (NASDAQ: IPCI) Reiterated with ‘Buy’ Rating, $8 PT at Aegis Capital

Aegis Capital Corp. has reiterated its ‘Buy’ rating and $8 price target on shares of Intellipharmaceutics International (NASDAQ: IPCI). The pharmaceutical company recently received final approval for its abbreviated new drug application for its generic equivalent of the branded product Glucophage® XR. Specifically, the U.S. Food and Drug Administration (FDA) approved metformin hydrochloride extended release tablets in the 500 mg and 750 mg strengths. The drug is indicated for use in the management of type 2 diabetes. The company also has eight other abbreviated new drug application candidates awaiting response from the FDA. To view the full press release, visit:…

TuesdayMar 07, 2017 3:42 pm

NetworkNewsBreaks – Concert Pharmaceuticals, Inc.’s (NASDAQ: CNCE) ‘Buy’ Rating, $25 PT Reiterated at Aegis Capital

Aegis Capital Corp. has reiterated a ‘Buy’ rating and $25 price target on the stock of Concert Pharmaceuticals, Inc. (NASDAQ: CNCE) following the company’s recent report of financial results for the year ended December 31, 2016. Revenue was $174,000 for the year ended December 31, 2016, compared to $66.7 million for the year ended December 31, 2015. However, because Concert is a clinical-stage company, Aegis cited the events surrounding clinical trials rather than financials. In its earnings release, Concert also announced an asset acquisition agreement in which Vertex Pharmaceuticals will acquire Concert’s CTP-656 for up to $250 million. Concert expects…

TuesdayMar 07, 2017 3:40 pm

NetworkNewsBreaks – Akebia Therapeutics, Inc.’s (NASDAQ: AKBA) ‘Buy’ Rating, $21 PT Reiterated at Aegis Capital

Aegis Capital reiterated its ‘Buy’ rating and $21 price target on shares of Akebia Therapeutics (NASDAQ: AKBA). The biopharmaceutical company recently announced financial results for the fourth quarter and full year ended December 31, 2016, though Aegis focused on the company’s clinical trials and collaboration agreements for the reiteration. As reported in Akebia’s earnings release, full-year 2016 highlights include: the initiation of the global phase 3 INNO2VATE program to evaluate vadadustat in dialysis-dependent patients with anemia associated with chronic kidney disease (CKD); entered into a collaboration with Otsuka Pharmaceutical Co., Ltd in which the companies equally share the costs of…

MondayMar 06, 2017 1:52 pm

NetworkNewsBreaks – CytoSorbents Corp. (NASDAQ: CTSO) Receives Aegis Capital ‘Buy’ Rating, Reports Record Product Sales Growth

CytoSorbents (NASDAQ: CTSO) has received a ‘Buy’ rating and $20 price target from Aegis Capital Corp. following the company’s recent report of operational and financial results for the fiscal year ended December 31, 2016. The company reported a total revenue including both product sales and grant income in 2016 of approximately $9.5 million, almost doubling from $4.8 million in 2015. CytoSorb® also reports that product sales increased 103% to $8.2 million for fiscal 2016 compared to $4.0 million in fiscal 2015. Additionally, the company’s product sales were $2.6 million in the fourth quarter of 2016, the sixth consecutive quarter of…

FridayMar 03, 2017 3:45 pm

NetworkNewsBreaks – Revance Therapeutics, Inc.’s (NASDAQ: RVNC) ‘Buy’ Rating Reiterated at Aegis Capital

Aegis Capital has reiterated its ‘Buy’ rating and price target of $28 on shares of Revance Therapeutics (NASDAQ: RVNC) following release of the company's fourth quarter and full year results. Revance Therapeutics reported that it had cash and investments of $185.5 million as of December 31, 2016. The company also said the fourth quarter was highly productive for its lead drug candidate, RT002, with the release of data from its phase 2 study for RT002 and the start of patient enrollment for two additional clinical programs evaluating the drug. Additionally, the company will be presenting clinical data from the BELMONT…

FridayMar 03, 2017 3:43 pm

NetworkNewsBreaks – ViewRay, Inc. (NASDAQ: VRAY) Receives FDA Clearance for MRIdian Linac System; ‘Buy’ Rating Reiterated at Aegis Capital

Aegis Capital has reiterated its 'Buy' rating and $11 price target on shares of ViewRay, Inc. (NASDAQ: VRAY). In its recent fourth quarter and full year 2016 financial report, ViewRay reported record revenue of $22.2 million for the year, as well as $133.2 million in backlog. Additionally, the company said it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the MRIdian Linac system, the company's next generation linear accelerator-based MRI-guided radiation therapy system. The first two MRIdian Linac systems in the United States are expected to be installed at Henry Ford Hospital in Detroit and…

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